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Measuring Capital -- Oecd Manual : Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services - Oecd

Measuring Capital -- Oecd Manual

Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services

By: Oecd

Paperback

Published: 12th June 2001
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This Manual clarifies the conceptual issues concerning stocks and flows of fixed capital and provides practical guidelines for estimation. The Manual also deals with the definition and measurement of "capital services" which measure the contribution of

Forewordp. 3
Introductionp. 9
Purposep. 9
What the Manual does not coverp. 9
Contents of the Manualp. 10
How the Manual was writtenp. 11
Concepts in Capital Measurementp. 15
Introductionp. 15
How asset values are determinedp. 16
Relationship between rentals and asset pricesp. 17
Age-efficiency and age-price profilesp. 19
Consumption of fixed capitalp. 20
Aggregating assets to obtain stocksp. 20
Volume indices of capital servicesp. 21
Coverage and Classification of Stocks and Flowsp. 23
Coveragep. 23
Classificationsp. 23
Classification according to users or ownersp. 25
Classification by type of assetp. 25
Classification by institutional sectorp. 26
Classification by kind of activityp. 27
Capital Stocks and Flows: Basic Definitions and Usesp. 29
Valuing capital stocksp. 29
Gross fixed capital stockp. 31
Consumption of fixed capitalp. 32
SNA definitionp. 32
Consumption of fixed capital in the SNAp. 33
Consumption of fixed capital and the age-efficiency profilep. 34
Net capital stockp. 35
Illustrative calculationp. 35
Net capital stocks in the SNAp. 37
Capital servicesp. 38
Overview of Measurement Methodsp. 39
Gross capital stockp. 39
Net capital stockp. 39
Consumption of fixed capitalp. 40
Capital servicesp. 41
Perpetual Inventory Methodp. 43
Two ways of applying the Perpetual Inventory Methodp. 43
Standard application of the PIMp. 44
Gross capital stockp. 44
Initial estimate of the capital stockp. 44
Gross fixed capital formationp. 45
Asset price indicesp. 46
Service lives of assetsp. 47
Mortality patternsp. 52
Consumption of fixed capitalp. 58
Net capital stockp. 59
Practical application of the Perpetual Inventory Modelp. 59
Alternative application of the PIMp. 59
Measuring Consumption of Fixed Capitalp. 62
Introductionp. 63
Direct versus indirect measurement of depreciationp. 63
Layoutp. 63
Empirical evidencep. 64
Age-efficiency profiles, asset prices and depreciationp. 65
Depreciation methodsp. 70
How well do depreciation methods perform in practice?p. 72
Surveys and Other Direct Measurement Methodsp. 75
Introductionp. 75
Published company accountsp. 75
Balance of fixed Assetsp. 76
Statistical surveys in market economiesp. 77
Administrative recordsp. 80
Summaryp. 80
Capital Servicesp. 83
Introductionp. 83
Capacity utilisationp. 84
Volume index of capital servicesp. 85
Stocks of assets in standard efficiency unitsp. 85
User costsp. 86
Interest rate (r)p. 88
Index calculationp. 89
Development of capital service measuresp. 89
Glossary of Technical Terms Used in the Manualp. 91
Estimates of Capital Stocks and Flows in Four Countriesp. 96
Introductionp. 97
Singapore Department of Statistics. (DOS)p. 97
France - INSEEp. 98
United States Bureau of Economic Analysisp. 99
Australian Bureau of Statistics (ABS)p. 102
Service Lives of Assets Used in Four Countriesp. 104
United Statesp. 104
Canadap. 108
Czech Republicp. 110
Netherlandsp. 111
The Research Agenda for Capital Stocks and Flowsp. 113
Introductionp. 113
Service values and depreciationp. 113
Financial Capitalp. 116
Intangible fixed assetsp. 116
Miscellaneous topicsp. 117
Capital Inputs in the production account of the SNAp. 118
Summaryp. 119
Bibliographyp. 121
Canberra Group Papersp. 121
March 1997, Canberrap. 121
September 1998, Parisp. 123
November 1999, Washingtonp. 125
Other Studiesp. 126
Capital stock estimatesp. 126
Depreciationp. 127
Index numbersp. 128
Multifactor productivity and capital servicesp. 129
Retirement patternsp. 131
Service lives of capital assetsp. 131
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9789264187023
ISBN-10: 9264187022
Series: Statistics (Organisation for Economic Co-Operation and Development).
Audience: General
Format: Paperback
Language: English , Multiple languages
Number Of Pages: 136
Published: 12th June 2001
Publisher: Organization for Economic Co-operation and Development (OECD)
Country of Publication: FR
Dimensions (cm): 21.0 x 28.0  x 0.7
Weight (kg): 0.32